Refer to Scenario 1 . Explain how this economy might be able to produce 45 fish and 45 crabs?
What will be an ideal response?
The economy could do this with the benefits of an increase in resources or a technological advance in fishing.
Economics
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Which of the following most likely would decrease frictional unemployment?
A) an increase in the number of high school and college graduates B) effective Internet-based employment services and job registries C) an expansion of unemployment compensation benefits D) All of the above would decrease frictional unemployment.
Economics
What is a price taker? Discuss the assumptions used to obtain the perfectly competitive model
What will be an ideal response?
Economics